Continental Airlines promotes Smisek to president

MattAndrejczak

SAN FRANCISCO (CBS.MW) -- The board of Continental Airlines
CAL, +2.64%
on Thursday named Jeffery A. Smisek to be president. Smisek, executive vice president, will assume the position at year-end. He will take over for Larry Kellner, who will become chairman and CEO with the planned retirement of Gordon Bethune. Continental, based in Houston, is the world's sixth largest airline. In afternoon trading, shares of Continental fell 13 cents to $8.22.

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